§ 3.10.020  IMPOSITION; AMOUNT.
   There is hereby imposed on each deed, instru-ment or writing by which any lands, tenements, or other realty sold within the city shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his or their direction when the consideration or value of the interest or property conveyed (exclusive of the value of any lien or encumbrances remaining thereon at the time of sale) exceeds $100, a tax at the rate of 27.5 cents for each $500 or fractional part thereof.
('86 Code, § 3.10.020) (Ord. 3386, passed  - - )